India is a major crude oil consumer. So rising virus cases and thereby restrictions to limit the spread will dampen the demand outlook, said Ravindra Rao, vice president for commodities at Kotak Securities

The Sensex crashed 10 per cent as of Tuesday's closing from its all-time high of 52,516.76 hit on February 16. The Nifty is down nearly 6 per cent to 14,296.40 from its peak

India' domestic rating agency Icra now expects the economy to grow 10-10.5 per cent in 2021-22, against the 10-11 per cent it had estimated earlier

Market cap of BSE-listed firms fell by Rs 5.82 lakh crore after investor wealth declined to Rs 199.89 lakh crore against Rs  205.71  lakh crore in the previous session

We estimate asset quality pressures for the MFI industry to continue in the near term and the same may get accentuated with the recent increase in Covid-19 infections and localised restrictions/lockdowns, Icra Ratings said

Announcing its first-quarter results, Citigroup said it was closing retail banking operations in 13 countries across Asia, and parts of Europe to concentrate more on wealth management outside the US

The second Covid wave is also expected to upset the RBI's inflation calculation as local lockdowns impact supply chain and logistics

Stocks to watch today: Infosys, Motherson Sumi Systems, Tata Motors, Bharti Airtel and more

The RBI adopted multiple regulatory forbearance measures and ultra-loose monetary policy to counter economic headwinds. Now it has to work out an exit roadmap

The latest Business Today Business Confidence Index (BCI) shows slight improvement in overall sentiment despite the pessimism around economic and business issues

The survey showed deterioration in business leaders' outlook for the June quarter of the current fiscal. In four out of five parameters, respondents gave lower ratings than the previous survey

Sensex closed 660 points higher at 48,544 and Nifty ended 194 points higher at 14,504. Top Sensex gainers were M&M, Bajaj twins, Maruti suzuki and IndusInd  Bank rising up to 8.02%

India racked up the world's highest daily tally of coronavirus infections with 168,912 new cases on Monday, overtaking Brazil as the second-most affected country by the pandemic and causing a plunge in Indian stocks and the rupee

The April 5-8 poll of more than 50 economists showed retail inflation rose to 5.40 per cent in March from a year earlier as opposed to 5.03 per cent in February. Forecasts ranged from 4.60% to 6.11 per cent

Sensex closed 84.45 points higher at 49,661 and Nifty gained 54 points to 14,873

Global recovery underway after worst recession since WW-2: IMF head A day after the International Monetary Fund forecast a global growth of six per cent for this year, IMF Managing Director Kristalina Georgieva has said that after the worst global recession since the Second World War, the recovery is underway. The outlook, she asserted, is brighter because millions of people are benefitting from vaccinations and because of further policy support, especially in the US. SEBI fines Mukesh Am...

Ahead of the annual spring meeting of the International Monetary Fund (IMF) and the World Bank, IMF Chief Economist Gita Gopinath acknowledged there is evidence of normalisation of economic activities in India. The change in the 2021 forecast for India is minuscule compared to earlier projections, the IMF chief economist said. Earlier this week, the IMF raised its growth forecast for India to 12.5 per cent for 2021-22 in its latest edition of the World Economic Outlook. However, the Washington-based global lender pegged India's GDP growth at 6.9 per cent for FY23 and noted that India is the only Asian country expected to register double-digit growth in the current fiscal. Watch the video for more.Also Read: IT skills in top demand! Jobs aplenty for professionals with these expertise

The company said the growth is largely on the back of stronger than expected demand for its volume models like the C and E class sedans and GLC, GLE and GLS SUVs. Mercedes has lined up a pipeline of 15 launches this year

The change in the 2021 forecast for India is minuscule compared to earlier projections, IMF chief economist Gita Gopinath said

RBI MPC meet announcements: GDP growth forecast for FY2021-22 has been retained at 10.5 per cent, consisting of 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4